“Maybe the biggest funeral will happen in my hometown Tarkwa," Tony Aubynn said and revealed top government officials, businessmen, top military officers and former mine workers have sunk huge monies into Menzgold.

Adding more to the list, the Finance minister revealed;

“I see some people at the Finance ministry who have invested there. I look at the BoG and I see some people who have invested there…so it becomes an issue of greed”

The minister explained the profile of Menzgold customers shows financially literate people who ought to know that the gold dealership firm is “an obvious trap”.

He pointed out that the red flags are obvious because Menzgold cannot sustainably promise to pay 10% monthly returns on gold collectibles when returns on the international market ranges between two to three percent.

Ken Ofori-Atta applauded the efforts of the Securities and Exchange Commission for coming down “hard and strong and justifiably” on Menzgold.